Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Summary of the Fair Value of Financial Instruments

Following is a summary of the carrying amounts and fair values of the Company’s financial instruments:

	June 30, 2019				December 31, 2018
	Carrying				Carrying
(In thousands)	Amount		Fair Value		Amount		Fair Value
Balance sheet assets:
Cash and cash equivalents	$	183,513	$	183,513	$	230,933	$	230,933
Investment securities		435,391		435,391		441,534		441,534
Loans, net		780,046		782,301		711,362		711,090
Accrued interest receivable		7,180		7,180		7,069		7,069
Total	$	1,406,130	$	1,408,385	$	1,390,898	$	1,390,626
Balance sheet liabilities:
Deposits	$	636,629	$	637,586	$	721,926	$	722,018
Accounts and drafts payable		794,871		794,871		694,360		694,360
Accrued interest payable		191		191		91		91
Total	$	1,431,691	$	1,432,648	$	1,416,377	$	1,416,469